Poverty Terms
GNP (Gross National Product)
Marxism
Working Poor
Inflation
Colonization
Capitalism
Free Market
Economic development
Income Inequality
World Bank
Top 1%
Middle Class
Globalization
GDP (Gross Domestic Product)
The action or process of settling among and establishing control over the indigenous people of an area.
Is the unequal distribution of household or individual income across the various participants in an economy.
The total value of goods produced and services provided in a country during one year.
The total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.
Efforts that seek to improve the economic well-being and quality of life for a community by creating and/or retaining jobs and supporting or growing incomes and the tax base.
A general increase in prices and fall in the purchasing value of money.
The “working poor” are people who spend 27 weeks or more in a year in the labor force either working or looking for work but whose incomes fall below the poverty level.
The social group between the upper and working classes, including professional and business people and their families.
The top 1% of the population that owns most of the wealth and money in the world.
The process by which businesses or other organizations develop international influence or start operating on an international scale.
An economic system in which prices are determined by unrestricted competition between privately owned businesses.
An international financial institution that provides loans to countries of the world for capital projects.
The political and economic theories of Karl Marx and Friedrich Engels, later developed by their followers to form the basis of communism.
An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.